Nick Sherry

Nick Sherry News

Australia’s banks should increase lending to small businesses to close a gap in the funding market left by the collapse in securitization after the global financial crisis, Small Business Minister Nick Sherry said.

The Australian Taxation Office has delayed making a decision on how private equity companies should be taxed on investments, saying it will wait until a government review of policy in this area has been completed, the Australian newspaper reported. A spokesman for Assistant Treasurer Nick Sherry said there was no such review, according to the report.

Australia released draft legislation to make it easier for some mergers and takeovers to qualify for capital gains tax scrip for scrip rollover, Assistant Treasurer Nick Sherry said in an e-mailed statement.